Bullish vs. Bearish (207 opinions)
Social Sentiment 0.16
AMZN Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-01-28 Gain 15.20% PDF
Amazon.com fell by -0.70% in the last day ( Friday, 14th Feb 2020 ) from $2 149.87 to $2 134.87 and has now fallen 3 days in a row. During the day the stock fluctuated 1.56% from a day low at $2 125.89 to a day high of $2 159.04. The price has risen in 6 of the last 10 days and is up by 6.28% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.26 million shares and in total 2.59 million shares bought and sold for approximately $5 533.41 million.
AMZN Stock Price Summary
- 30 day high of the AMZN stock price was $2 185.95 and low was $1 815.34.
- 90 day high was $2 185.95 and low was $1 722.71.
- 52 week high for Amazon.com - $2 185.95 and low - $1 586.57.
Amazon.com lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2 171.40 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 19.06% during the next 3 months and, with 90% probability hold a price between $2 271.80 and $2 585.27 at the end of this period.
Amazon.com holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $2 122.71 and $1 941.57. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday February 12, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
AMZN Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 90 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
AMZN Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $2 008.72 and $1 869.80.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amazon.com finds support just below today's level at $2 008.72. If this is broken, then the next support from accumulated volume will be at $1 869.80 and $1 868.77.
AMZN Stock Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $33.15 between high and low, or 1.56%. For the last week, the stock has had a daily average volatility of 1.76%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $2 042.63 (-4.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from pivot top found 2 day(s) ago.)
1.76 %Average volatility
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AMZN Stock Evaluation
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
Also 84% of user sentiment are positive to the stock. The sentiment is based upon 207 votes on StockTwits.
|AMZN $2 134.87 ($-15.00 -0.70%)|
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